MakeMyTrip Limited (NASDAQ:MMYT - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $77.68 and last traded at $77.31, with a volume of 684013 shares traded. The stock had previously closed at $75.60.
Analyst Ratings Changes
Several analysts have weighed in on the company. Macquarie lowered MakeMyTrip from an "outperform" rating to a "neutral" rating and upped their target price for the company from $50.00 to $60.00 in a report on Wednesday, February 21st. StockNews.com upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a report on Wednesday, January 24th.
Get Our Latest Stock Report on MakeMyTrip
MakeMyTrip Stock Up 1.9 %
The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 167.46 and a beta of 1.26. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02. The firm's 50 day moving average is $67.62 and its two-hundred day moving average is $55.07.
Institutional Trading of MakeMyTrip
Several hedge funds and other institutional investors have recently bought and sold shares of MMYT. USA Financial Formulas acquired a new position in MakeMyTrip in the fourth quarter valued at $50,000. Banque Cantonale Vaudoise grew its holdings in shares of MakeMyTrip by 449.8% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,398 shares of the technology company's stock worth $138,000 after purchasing an additional 2,780 shares during the period. Catalytic Wealth RIA LLC purchased a new stake in shares of MakeMyTrip during the 4th quarter worth about $207,000. HMS Capital Management LLC purchased a new position in MakeMyTrip in the first quarter valued at approximately $231,000. Finally, Oppenheimer & Co. Inc. acquired a new position in MakeMyTrip during the first quarter valued at approximately $283,000. 51.89% of the stock is owned by hedge funds and other institutional investors.
MakeMyTrip Company Profile
(
Get Free Report)
MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MakeMyTrip, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MakeMyTrip wasn't on the list.
While MakeMyTrip currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
